Match has a portfolio of dating websites and apps - match, tinder, hinge, meetic, okcupid, pairs, plenty offish, ourtime, azar, hakuna. MTCH is a high return on capital business and dominates the space in its category. Based on estimated earrings MTCH is worth about $80 fair value. At this point is no longer a high growth business but being a high return on capital business, should be able to provide healthy returns for investors going forward through buy backs. There are concerns about competition and debt. With the large portfolio and user base Match is in position to fend off competitions by having better data and implementing changes as needed in case a competitor comes with new features that are popular with users. The debt is moderate at 3 billion given the current and anticipated EBITDA. The biggest concern would be if Match makes a large purchase, that would be indicative that they have no moat and will have to pay dearly to maintain a competitive advantage.

Technically it is not at the best spot to buy, it would be prudent to wait for 35 given that the market has recently rallied and mtch has lagged, earnings are going to be out in a couple of days and that could provide the catalyst for a big price move. If earnings are really good and rallies and holds above 45 could also be a good entry for long term.